Cash

[Pondrew]

I haven’t ever seen a sign in the U.K. saying no cash sales
There are saying no cards accepted..

Yet on the flip side, my local Chinese takeaway will only take cash. I wonder how much tax they pay?

[Argyll Andy]

I haven’t ever seen a sign in the U.K. saying no cash sales
There are saying no cards accepted..

Yet on the flip side, my local Chinese takeaway will only take cash. I wonder how much tax they pay?

Less than they would if they took cards

[ronk]

It’s like the commercial traders at car boot sales!
Their incomes are totally untraceable - the revenue seem to turn a blind eye.

[Pondrew]

Their incomes are totally untraceable - the revenue seem to turn a blind eye.

The revenue try their best. It's actually another good case for a cashless society then, as they would all have a paper trail for everything

[Dark Diggler]

There’s a furniture shop I know that installed a “free withdrawal” ATM in his store. He politely tells people that he doesn’t take cards and the machine is free to use, deposits are cash and balances must be by bank transfer prior to delivery. Genius.

[Nictrix]

There’s a furniture shop I know that installed a “free withdrawal” ATM in his store. He politely tells people that he doesn’t take cards and the machine is free to use, deposits are cash and balances must be by bank transfer prior to delivery. Genius.

Does he get some sort of payment for everybody who uses the cash machine?

[Darkangelv2]

It will be a sad day if cash does disappear.

I very much doubt those obstacles would still exist in a cashless society….

[Dark Diggler]

There’s a furniture shop I know that installed a “free withdrawal” ATM in his store. He politely tells people that he doesn’t take cards and the machine is free to use, deposits are cash and balances must be by bank transfer prior to delivery. Genius.

Does he get some sort of payment for everybody who uses the cash machine?

Not sure on that but I would guess not because it could be a way in the event of a revenue investigation for example, to link people and cash amounts to invoices that might not show a cash deposit on the sales records he keeps and declares. Pure supposition on my part of course.

[Nictrix]

There’s a furniture shop I know that installed a “free withdrawal” ATM in his store. He politely tells people that he doesn’t take cards and the machine is free to use, deposits are cash and balances must be by bank transfer prior to delivery. Genius.

Does he get some sort of payment for everybody who uses the cash machine?

Not sure on that but I would guess not because it could be a way in the event of a revenue investigation for example, to link people and cash amounts to invoices that might not show a cash deposit on the sales records he keeps and declares. Pure supposition on my part of course.

I was thinking if he got a kickback from every withdrawal from the cash machine he would be in the money as there may have been charges to him by his bank for people paying by card